FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.
"It’s important for us to know certain facts, information [and] data about the company acquiring a registered market participant” to avoid another FTX debacle, Kristin N. Johnson said on CoinDesk TV.
LedgerX was one of the few FTX-owned companies that remained solvent throughout the collapse and its subsequent bankruptcy process. CFTC Commissioner Kristin N. Johnson comments on the culture of compliance, saying it should start at the top.
A Delaware bankruptcy judge ruled Thursday that FTX can put four key units including derivatives arm Ledger X and stock clearing platform Embed up for sale Meanwhile major media groups have taken legal action to reveal the identities of the two non parental parties who co signed Sam Bankman Fried's 250 million bail bond The [...]
Around 117 parties have expressed an interest in buying units of FTX, a legal filing posted Sunday said, as a deadline for initial bids approaches. "The Hash" panel discusses the potential sale of LedgerX, FTX Japan, FTX Europe and the stock-clearing platform Embed. Plus, what this means to the bankruptcy case.
Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in FTX's bankruptcy.